How Much Does a Loan Officer Trainee Make in Rhode Island?

Updated March 26, 2024
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Individually reported data submitted by users of our website

Low Confidence
$50,580/yr
Average Base Pay
Low $42,428
Average $50,580
High $58,727
The average salary for Loan Officer Trainee is $50,580 per year in Rhode Island.

Related Job Titles to Loan Officer Trainee

Agricultural Loan Officer
$109,158
Rhode Island
Per Year
Loan Processor Trainee
$49,490
Rhode Island
Per Year
Officer Trainee
$61,846
Rhode Island
Per Year
Loan Officer
$69,128
Rhode Island
Per Year

Similar Job Salaries to Loan Officer Trainee by Company

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Company average base salary in (usd) range
$110,769/yr
$92,411
$129,127
RANGE: $92,411 - $129,127
Baycoast Bank
LOAN OFFICER
$110,663/yr
$92,323
$129,004
RANGE: $92,323 - $129,004
Semper Home Loans
Loan Officer Assistant (FT)
$49,262/yr
$43,234
$55,291
RANGE: $43,234 - $55,291
Primary Residential Branding
Loan Officer Outside Sales
$94,534/yr
$78,667
$110,400
RANGE: $78,667 - $110,400
Citizens
Mortgage Loan Officer
$89,718/yr
$75,509
$103,926
RANGE: $75,509 - $103,926
Mutual of Omaha Mortgage
Junior Loan Officer
$81,616/yr
$68,490
$94,741
RANGE: $68,490 - $94,741
Mutual of Omaha Mortgage
Retail Mortgage Loan Officer
$54,947/yr
$48,646
$61,247
RANGE: $48,646 - $61,247
State of Rhode Island
ENVIRONMENTAL POLICE OFFICER TRAINEE (DEM)
$60,529/yr
$54,590
$66,468
RANGE: $54,590 - $66,468
$106,963/yr
$84,604
$129,322
RANGE: $84,604 - $129,322

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Top 10 Highest Paying Cities For Loan Officer Trainee Jobs in Rhode Island

It is important to understand how location impacts your career prospects in the United States. There are some cities where a Loan Officer Trainee can find a job easily with a greater salary paid then achieve a higher standard of living. Below is the top cities list for Loan Officer Trainee job salaries in Rhode Island. Some cities can pay higher salaries for Loan Officer Trainee jobs, which can indicate that there is a large demand for Loan Officer Trainee positions in this city.
The following table shows top 10 cities where the Loan Officer Trainee salary is higher than other cities in Rhode Island. Westerly takes first place in this list, followed by Tiverton, Narragansett. The Loan Officer Trainee salary is $51,549 in Westerly, which is higher than the national average. There are 12 cities' Loan Officer Trainee salary higher than national average in Rhode Island.
The average salary for a Loan Officer Trainee in Rhode Island is $50,580, but we found that the city with the highest salary for Loan Officer Trainee jobs is Westerly, RI, and it is higher than Tiverton. Loan Officer Trainee jobs in Westerly can have the opportunity to earn higher salaries than in other cities in Rhode Island.
CITY ANNUAL SALARY MONTHLY PAY WEEKLY PAY HOURLY WAGE
Westerly $51,549 $4,296 $991 $25
Tiverton $51,258 $4,272 $986 $25
Narragansett $51,113 $4,259 $983 $25
Newport $50,871 $4,239 $978 $24
Providence $50,822 $4,235 $977 $24
Warwick $50,822 $4,235 $977 $24
Cranston $50,822 $4,235 $977 $24
Pawtucket $50,822 $4,235 $977 $24
East Providence $50,822 $4,235 $977 $24
Cumberland $50,822 $4,235 $977 $24

What Does a Loan Officer Trainee Do?

Accountant, Compliance Investigator, County Operations Trainee, Economist, Engineer, Farm Loan Officer Trainee (Farm Loan Assistant), Farm Loan Program Technician, Statistician.
Updated December 19, 2021
However, some processors are actually more knowledgeable than the more sales-oriented loan officers because they handle more volume and may have more years of mortgage experience under their belt.
Updated December 19, 2021
While the loan officer or broker may be the person who “got you the loan” to begin with, it’s the processor that will likely take over once you’ve been “sold.”.
Updated December 15, 2021
If you are thinking of becoming a Loan Officer Trainee or planning the next step in your career, find details about.
Updated December 06, 2021
A loan processor deals with lots of paperwork and basically assists the loan officer in closing the loan.
Updated December 04, 2021

Frequently Asked Questions About a Loan Officer Trainee Salaries

What is the average of a Loan Officer Trainee in Rhode Island?

The Loan Officer Trainee salary range is from $42,428 to $58,727, and the average Loan Officer Trainee salary is $50,580/year in Rhode Island. The Loan Officer Trainee's salary will change in different locations.

Which location pays the highest Loan Officer Trainee salary in the United States?

The Loan Officer Trainee salary in San Jose, CA is $60,803 which is the highest in the US.

What kinds of reasons will influence the Loan Officer Trainee's salary?

Besides the location, employees' education degree, related skills, and work experience also will influence the salary. Try to improve your skills and experience to get a higher salary for the position of Loan Officer Trainee.

What is the growth rate of the Loan Officer Trainee's salary?

If you are thinking of becoming a Loan Officer Trainee or planning the next step in your career, find the detailed salary report of a Loan Officer Trainee.